If you withdraw part of your money from a certificate of deposit before the date of maturity, you must pay an interest penalty.
1 answer:
You might be interested in
Answer:
See explanation below.
Step-by-step explanation:
We assume that the data is given by :
x: 30, 30, 30, 50, 50, 50, 70,70, 70,90,90,90
y: 38, 43, 29, 32, 26, 33, 19, 27, 23, 14, 19, 21.
Where X represent the cost for scholarships in thousands of dollars and y represent the cost of life for an academic semester (The data comes from the web)
We can find the least-squares line appropriate for this data.
For this case we need to calculate the slope with the following formula:
Where:
So we can find the sums like this:
With these we can find the sums:
And the slope would be:
Nowe we can find the means for x and y like this:
And we can find the intercept using this:
So the line would be given by:
We have an inverse linear relationship since the slope is negative between the variables of interest.
Given to points to us are :-
- ( 3 , -6 )
- ( -1 , -8 )
( As these are plotted on graph with yellow dots .)
Now , we can use Distance Formula , which is :-
Here ,
- x1 = 3 .
- x2 = -1.
- y1 = (-6)
- y2 = (-8).
<u>→ Substituting the respective values , </u>
⇒ Distance = √ [ { 3 - (-1)}² + { -6 -(-8)²} ] .
⇒ Distance = √ (3+1)² + (8-6)²
⇒ Distance = √ 4² + 2²
⇒ Distance = √ 16 + 4
⇒ Distance = √20 = √4 × √5
⇒ Distance = 4√5units .
<u>Hence the distance between two points is 4√5u.</u>